Journal article
Is aid oil? An analysis of whether Africa can absorb more aid
- Abstract:
- This paper considers whether Africa can absorb a doubling of aid. If oil revenues provide a "natural experiment" the results are disappointing: far from being transformational, they have been markedly less successful than aid. One implication is that the delivery modalities of aid, though heavily criticized, have substantially added value: the paper discusses which modalities may have been most useful. Unfortunately, aid appears to be subject to diminishing returns, so that doubling aid through conventional modalities would not double its impact. The paper concludes by considering innovations in aid modalities, which might offset diminishing returns.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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(Preview, Author's original, pdf, 268.6KB, Terms of use)
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- Publisher copy:
- 10.1016/j.worlddev.2006.01.002
Authors
- Publisher:
- Elsevier
- Journal:
- World Development More from this journal
- Volume:
- 34
- Issue:
- 9
- Pages:
- 1482–1497
- Publication date:
- 2006-09-01
- Edition:
- Author's Original
- DOI:
- ISSN:
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0305-750X
- Language:
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English
- Keywords:
- Subjects:
- UUID:
-
uuid:be263d06-c5a9-4e2e-a29c-16e80cdd7bc0
- Local pid:
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ora:1702
- Deposit date:
-
2008-03-14
Terms of use
- Copyright holder:
- Elsevier Ltd
- Copyright date:
- 2006
- Notes:
- This article was published as Collier, P. (2006). 'Is aid oil? An analysis of whether Africa can absorb more aid', World Development, 34 (9), 1482-1497. The definitive version of this article is available from the publisher's website: http://www.sciencedirect.com/science/journal/0305750X
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